Realty Income Corporation (NYSE:O) is a publicly traded real estate investment trust.
Insider selling during the last 30 days
Here is a table of Realty Income's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|John Case||CEO||May 9||15,000||No||263,527
|Gregory McLaughlin||Director||May 8||5,225||No||18,672 shares||21.9%|
|Michael Pfeiffer||EVP||May 5||16,000||No||79,787 shares||16.7%|
|Paul Meurer||CFO||May 5||16,259||No||68,397 shares||19.2%|
There have been 52,484 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Realty Income's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 337,556 shares sold, and there have been 800 shares purchased by insiders since January 2013.
Realty Income reported the first-quarter financial results on May 1 with the following highlights:
|Net income||$47.2 million|
The four insiders sold their shares after these results.
Realty Income's 2014 guidance is as follows:
|FFO||$2.53-$2.58 per share|
|Qtrly Rev Growth (yoy):||0.26||0.09||0.13||0.10|
|PEG (5 yr expected):||3.20||4.30||4.99||3.56|
Realty Income has the highest P/S ratio among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Realty Income has seen intensive insider selling during the last 30 days.
There have been four different insiders selling Realty Income, and there have not been any insiders buying Realty Income during the last 30 days. Three of these four insiders decreased their holdings by more than 10%. Realty Income has an insider ownership of 0.63%.
There are five analyst buy ratings, seven neutral ratings, and three sell ratings with an average price target of $41.58. Before going short Realty Income, I would like to get a bearish confirmation from the Point & Figure chart. The three main reasons for the proposed short entry are a relatively high P/S ratio, bearish analyst price targets, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.